Registration number: 08924751

The Association of Independent Specialist Medical Accountants (AISMA) Limited

Contents

Accountants' Report	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Association of Independent Specialist Medical Accountants (AISMA) Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Association of Independent Specialist Medical Accountants (AISMA) Limited for the year ended 31 March 2026 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Association of Independent Specialist Medical Accountants (AISMA) Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of The Association of Independent Specialist Medical Accountants (AISMA) Limited and state those matters that we have agreed to state to the Board of Directors of The Association of Independent Specialist Medical Accountants (AISMA) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Association of Independent Specialist Medical Accountants (AISMA) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Association of Independent Specialist Medical Accountants (AISMA) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Association of Independent Specialist Medical Accountants (AISMA) Limited. You consider that The Association of Independent Specialist Medical Accountants (AISMA) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Association of Independent Specialist Medical Accountants (AISMA) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
Nottinghamshire
NG7 6LB

22 October 2026

The Association of Independent Specialist Medical Accountants (AISMA) Limited

(Registration number: 08924751)
Balance Sheet as at 31 March 2026

	Note	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		24		32
Current assets
Debtors	5	35,389		32,584
Cash at bank and in hand		452,162		408,413
		487,551		440,997
Creditors: Amounts falling due within one year	6	(333,549)		(292,991)
Net current assets			154,002		148,006
Net assets			154,026		148,038
Reserves
Other reserves		55,800		55,800
Profit and loss account		98,226		92,238
Surplus			154,026		148,038

The Association of Independent Specialist Medical Accountants (AISMA) Limited

(Registration number: 08924751)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 October 2026 and signed on its behalf by:

.........................................

Miss F M W Wood
Director

The Association of Independent Specialist Medical Accountants (AISMA) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
48 St. Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

These financial statements were authorised for issue by the Board on 22 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) which is the functional currency of the company.

Revenue recognition

Income comprises of income received or receivable for the provision of services in the ordinary course of the company's activities. Income is shown net of VAT, rebates and discounts.

Tax

The company has mutual trading status and only pays corporation tax on interest receivable and royalty income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Association of Independent Specialist Medical Accountants (AISMA) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

During the year, the average number of employees at the company, including directors, was 11 (2025 - 12).

The Association of Independent Specialist Medical Accountants (AISMA) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	456	456
At 31 March 2026	456	456
Depreciation
At 1 April 2025	424	424
Charge for the year	8	8
At 31 March 2026	432	432
Carrying amount
At 31 March 2026	24	24
At 31 March 2025	32	32

5

Debtors

Current	2026 £	2025 £
Trade debtors	11,643	10,584
Prepayments	23,746	22,000
	35,389	32,584

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	-	8,916
Taxation and social security	43,610	35,790
Accruals and deferred income	289,939	248,285
	333,549	292,991

The Association of Independent Specialist Medical Accountants (AISMA) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026